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TenX Protocols Provides Update on Blade Labs Acquisition IP to Accelerate Validator Expansion While Maintaining a Strong Balance Sheet to Fund Future Growth
Toronto, Ontario--(Newsfile Corp. - December 17, 2025) - TenX Protocols Inc. (TSXV: TNX) ("TenX" ...
About this update from Tenx Protocols Inc
[{"type":"text","content":"TenX Protocols Provides Update on Blade Labs Acquisition IP to Accelerate Validator Expansion While Maintaining a Strong Balance Sheet to Fund Future GrowthToronto, Ontario--(Newsfile Corp. - December 17, 2025) - TenX Protocols Inc. (TSXV: TNX) (\"TenX\" or the \"Company\"), a blockchain infrastructure company building staking solutions for the next-generation of blockchain networks, is pleased to provide an update on its acquisition of proprietary software code and related intellectual property (the \"Code\") from Blade Labs Corp. (\"Blade Labs\") for total consideration of $320,000 which was completed on July 8, 2025, as disclosed in its filing statement dated November 25, 2025. The purchase price consisted of $160,000 in cash and 213,333 common shares of the Company valued at $0.75 per share.The Company also wishes to provide an update regarding the initial composition of its digital asset and cash holdings following the commencement of trading on the TSX Venture Exchange (\"TSXV\").Acquisition of Blockchain IP to Accelerate Validator DevelopmentAs previously disclosed, the Company acquired proprietary infrastructure and related intellectual property from Blade Labs, valued at approximately $320,000 in cash and shares.The acquisition of proprietary blockchain validator infrastructure and intellectual property from Blade Labs is designed to accelerate validator development on the Solana (SOL) and Sui (SUI) networks, and includes validator monitoring, performance optimization, and network-integration software tailored for high-throughput blockchain environments. The technology is expected to support the Company's build-out of institutional-grade validator infrastructure, enhance operational efficiency, and strengthen on-chain operations across the Solana and Sui ecosystems.Under a six-month services agreement beginning on January 2, 2025, TenX will provide Blade Labs with validator hosting, monitoring, and technical support services, with Blade Labs paying TenX a fixed monthly fee of $5,000 CAD for these services. The agreement is designed to support Blade Labs' ongoing validator operations across high-throughput networks and reflects TenX's role as a service provider following the acquisition of Blade's technology.\"Strengthening our validator technology through this acquisition supports our long-term infrastructure roadmap ac...